Société Générale
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Imerys, the French industrial minerals supplier, has mandated six banks for a tap of its 2.5% November 2020 bond and a new 10 year benchmark issue.
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French supermarket group Groupe Casino priced a €650m ($514.37m) 10.2 year bond on Tuesday, its third issue of the year. But its credit spreads have widened a little since its last deal on July 30.
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Publicis, the French advertising and PR firm, has mandated BNP Paribas and Citi to arrange a roadshow on Friday for a possible euro bond. The proceeds will be used as part of the funding for Publicis’s $3.7bn all cash acquisition of US company Sapient, announced on November 3.
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Spie, the French engineering and communications firm, gave price guidance for its €911m loan at a London bank meeting on Monday.
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Heavy demand for Unitymedia's €785m bond issue on Tuesday turned it into a €1bn and $550m offer that still left some investors wanting more.
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Syndication for the $3.2bn portion of Tata Steel’s $5.6bn borrowing has seen about 13 banks join with nearly $940m in commitments, said a banker. Allocations for the deal are due to be out soon.
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Société Générale has appointed Jan Rekowski as head of equity capital markets in Poland, as it seeks to develop its brokerage activities on the Warsaw Stock Exchange.
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Pelabuhan Indonesia II’s $1bn loan that opened into general syndication in October, has attracted commitments worth $1.298bn from 45 banks.
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Mansan Consumer has priced its landmark 10 year bond that is backed by the Credit Guarantee Investment Facility (CGIF). The VND2.1tr ($98.6m) is Vietnam’s first corporate bond in the maturity since 2007.
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Akbank’s German subsidiary, Akbank AG, will begin roadshowing its inaugural bond with investor meetings next week. But with few EM banks issuing from developed market subsidiaries, the price discovery process will be more difficult.
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Telefónica, the Spanish broadband and mobile phone company, issued an €850m hybrid bond on Thursday. The perpetual non-call five year deal was priced just 3bp outside the issuer’s curve, according to one banker, a good omen for hybrids being roadshowed by Volvo and Santos.
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Burberry Group, the UK fashion house, has refinanced a £300m five year revolving credit facility.